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The consumer price index for the 1978-82 periods and the GDP deflator follow. This was a period of unusually high, but declining, inflation. (The CPI is equal to 100 in the base ye
In 2001, Puerto Rico enacted a law that requires specific labels on cement sold in Puerto Rico and imposes fines for any violations of these requirements. The law prohibits the sal
unplandned change in inventory are coutned as investment spending by firms
Consider an economy with the following characteristics: i. The price-level is fixed ii. The economy is closed (Exports - Imports = 0) iii. Government spending (G) and Inve
examine keynesian theory of un employment
Suppose the potential level of real domestic output (Q) for a hypothetical economy is $160 and the price level (P) initially is 200. Use the following short-run aggregate supply
how large money is supply (M1)
Explain the concept of elasticity and describe why the supply of petrol in the short run is relatively inelastic.
explain the functions and role of the world bank
explain the phillips curve the relationship of inflation and unemployment
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